November 11, 2015 Weekly Credit Card Rate Report: Average credit card interest rates fall to 14.96 percent

Austin, Texas — Interest rates on new credit card offers tumbled Wednesday for the first time in almost nine months, according to the Weekly Credit Card Rate Report.

The average is comprised of 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category. Introductory (teaser) rates are not included in the calculation.

Rates for card categories tracked by are listed below:

Credit Card Rate Averages
  Avg. APR Last Week 6 Months ago
National Average 14.96% 15.01% 14.92%
Low Interest 11.62% 11.62% 11.62%
Balance Transfer 14.07% 14.12% 14.04%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Cash Back 15.27% 15.27% 15.28%
Airline 14.91% 15.14% 15.10%
Reward 15.09% 15.15% 15.04%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.73%
Updated: 11-11-15

The national average annual percentage rate (APR) fell to 14.96 percent after remaining at 15.01 percent for about a month. This is the first time since June that average rates have dipped below 15 percent.

SunTrust Bank spurred this week's rate change by revamping its credit card lineup. It removed three of its old credit cards, including two rewards cards, and replaced them with updated versions that offer substantially lower rates. For example, it replaced the Travel, Dining and Entertainment card, included in the database, with the new lower rate Travel Rewards credit card. SunTrust's newest travel card offers a starting APR of 10.24 percent and charges an $89 annual fee.

The credit card rate survey (permalink: is conducted weekly, using offer data from the leading U.S. card issuers' websites. Introductory offer periods and regular interest rates will vary with applicants' credit quality and issuer risk-based pricing policies.

About is the leading online credit card marketplace connecting consumers with multiple credit card issuers, including a majority of the 10 largest in the United States, based on credit card transaction volume.,, enables consumers to search for, compare and apply for credit cards and offers credit card issuers an online channel to acquire qualified applicants.

For more information, contact:


Matt Schulz
Senior Industry Analyst
512-996-8663, ext. 103

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